ECON4423 Peter McGee advice. I was told that it would be easier to torrent the way I made it, but I chose to do it this way anyway because I want it to be easy for people to watch and enjoy this video in any way the want without "corporate" restrictions... Please bear in mind that I am not a company or a corporation. I'm just some guy. I paid for the production and posting of this video with my own money. I would like to be able to post more material to the fans in this way, which makes it cheaper for the buyer and more pleasant for me. So, please help me keep this being a good idea. I can't stop you from torrenting, all I can do is politely ask you to pay your five little dollars, enjoy the video, and let other people find it in the same way. Consider the following situation in which Louis CK can post his stand-up routine either on iTunes or on his website. If he posts it on iTunes, people will have a harder time torrenting it, but he will make less money from those who buy it. If he posts it on his website, people can more easily torrent it, but he will make more money if fans choose to buy it. Louis CK iTunes website Fan Fan torrent pay torrent pay 1000, 0 2000, 10 1000, 30 3000, 20 a. Suppose that both players only care about monetary payoffs. What will be the Nash equilibrium of this game? Will Louis CK's diatribe influence a person with purely selfish preferences? Explain. b. For the rest of the problem, suppose that the players have a taste for reciprocation. If the fair outcome is define as the average payoff for playing a strategy, calculate what the fan believes the fair payoff is to Louis CK if he plays iTunes, x iTunes = 1 Calculate what the fan believes is the fair payoff to Louis CK if he plays website, * (website) c. Calculate the kindness of the fan to Louis CK for each possible outcome. The fan's kindness ^ for a given strategy pair is simply the payoff to Louis CK minus the